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Gold has been trading sideways at the price of $1.669 and I see potential for the breakout mode.
Due to the sideways regime and narrow range days, I see potential for the breakout of the range.
In case of the upside breakout of the resistance at $1.682, watch for buying opportunities on the intraday dips with the upside objective at $1.725
In case of the downside breakout of the support at $1.659. watch for selling opportunities with the downside objective at $1.619
Relevance up to 09:00 2022-10-14 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
